Plan Ledger DOL Form 5500 · updated monthly

Axis Specialty U.S. Services, Inc.401(k)

AXIS SPECIALTY U.S. SERVICES, INC. 401(K) PLAN · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.02%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Axis Specialty U.S. Services, Inc. reported $85,268 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $17,406 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.022%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 96th-largest of 2,160 plans among Georgia employers on file, and the 355th of 4,798 in finance & insurance. In 2024, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$401,659,145
Participants with balances1,453
Active participants928
Employer contributions$16,152,620
Employee contributions$14,154,740
Employer contribution per active participant$17,406
Average account balance$276,434
Benefits paid to participants$52,138,545
Plan auditUnmodified (clean) audit opinion
AuditorDELOITTE & TOUCHE
Plan history3
Yearassets · accounts · employer contribution
2024$401.7M · 1,453 accts · $16.2M emplr
2023$357.8M · 1,417 accts · $16.0M emplr
2022$305.6M · 1,475 accts · $14.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,377
Investment management$40,891
Total administrative$85,268
The Axis Specialty U.S. Services, Inc. 401(k) match · 2024
Employer contribution per active participant$17,406
Median for plans this size$4,294
2024$17,406 per active participant
2023$15,098 per active participant
2022$14,466 per active participant

Axis Specialty U.S. Services, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$44,377
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$40,891

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$85,268 · 0.02%
2023$74,201 · 0.02%
2022Not separately reported
Same employer
Similar plansFinance & Insurance · Georgia
Crawford & Company GA$592.5M · 0.11%
Digital Insurance, LLC GA$401.8M · 0.06%
Ameris Bancorp GA$337.1M · 0.09%
Primerica, Inc. GA$336.2M · 0.02%
United Community Banks, Inc. GA$295.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412030082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.